economy

Minimum Wage
4:33 pm
Thu June 26, 2014

SeaTac Minimum Wage Fight In Hands Of Supreme Court

Prior to a Washington Supreme Court hearing, Sea-Tac Airport workers and others rally at a union-organized event in favor of the city of SeaTac’s $15 an hour minimum wage law
Austin Jenkins Northwest News Network

Voters in SeaTac narrowly approved a $15 an hour minimum wage. Now, the state Supreme Court will decide whether that law should stand. And, if so, whether it should apply to workers at SeaTac Airport. Currently it does not. The justices heard oral arguments Thursday in a case that pits a city against a port and workers against businesses.

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Minimum Wage
5:41 pm
Wed June 25, 2014

Washington Supreme Court To Hear SeaTac Airport Minimum Wage Fight

Washington’s Supreme Court will hear arguments about whether SeaTac’s voter-approved $15 an hour minimum wage should apply to airport workers.
Credit Cacophany / Wikimedia

Should SeaTac’s voter-approved $15 an hour minimum wage apply to airport workers? Washington’s Supreme Court will hear oral arguments on that question Thursday. The case pits airport vendors, Alaska Airlines and the Port of Seattle against supporters of the higher wage.

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Paid Sick Leave
5:43 pm
Wed June 18, 2014

Eugene Could Become Third Northwest City To Require Paid Sick Leave

Eugene, Ore., could become the third city in the Northwest to require paid sick leave for most workers.
Credit tallasiandude / Flickr

Oregon's second-largest city could be the next place to mandate employer-provided sick leave. The Eugene City Council Wednesday voted to direct city staff to draw up an ordinance that would take effect next year. 

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Washington Unemployment
4:39 pm
Wed June 18, 2014

Washington State Jobless Rate Holds Steady In May

The unemployment rate in Washington state is holding steady at 6.1 percent.
Credit Andreas Klinke Johannsen / Flickr

The unemployment rate in Washington state is holding steady at 6.1 percent according to the latest numbers out Wednesday from the state Employment Security Department. 

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Seattle Delta Hub
7:26 am
Tue June 17, 2014

Delta Air Lines Building Hub In Seattle, Putative Partner’s Hometown

Port of Seattle fire trucks salute a Delta Airbus A330 as it departs for Hong Kong on Monday.
Credit Port of Seattle

Pacific Northwest travelers will get ringside seats to see if two airlines can be partners and rivals at the same time. One of those "frenemies" - if you will - is Seattle-based Alaska Airlines. And in the other corner is Delta Air Lines. The two are long-term contractual allies. But the relationship is being tested.

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Seattle Minimum Wage
7:16 am
Tue June 3, 2014

After Raucous Session, Seattle City Council Raises Minimum Wage to $15

Seattle has become the first city in the country to establish a $15 an hour minimum wage. The City Council voted Monday to enact the new law, which was the result of months of negotiations.

It represents a 60 percent increase from the current state minimum wage, which at $9.32 an hour is the highest in the country.

Proponents say it’s a first step towards closing the rising income gap between rich and poor. Some businesses say they will go to court to fight it. KUOW’s Deborah Wang reports.

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Oregon Economy
5:07 pm
Wed May 28, 2014

Oregon Revenue Forecast Up As Job Growth Continues

Job growth is driving an expected increase in tax revenue for Oregon.
Credit M.O. Stevens / Wikimedia

Oregon's economy still hasn't recovered to pre-recession levels. But state economists told lawmakers Wednesday that job growth is driving an expected increase in tax revenue for the state.

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Housing
5:16 pm
Fri May 16, 2014

Northwest Mirrors National Shift Away From Single Family Homes

Condominiums in Portland's Pearl District.
Credit mr_jeffreed / Flickr

New housing starts are a key economic indicator. But not all new houses are created the same. A new report issued Friday shows that Oregon and Washington are following a national shift away from single family homes towards more apartment complexes.

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Seattle Minimum Wage
7:53 am
Wed May 14, 2014

Seattle Residents Testify For, Against $15 An Hour Minimum Wage

Elected officials in Seattle heard an earful Tuesday night about a proposal to raise the minimum wage in the city to $15 an hour. Dozens of people testified before a Seattle City Council public hearing.

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NWPR Books
2:40 am
Sun May 11, 2014

On Income Inequality: A French Economist Vs. An American Capitalist

iStockphoto

Originally published on Mon May 12, 2014 6:11 am

Picture a cozy cafe. At a small table, an economics professor from Paris is chatting with a wealthy businessman from New York.

As they sip coffee, they discuss economic history, and often nod and agree.

Then, as they stand to leave, each states a conclusion drawn from their conversation. But what they say is exactly, completely opposite.

One says economic history proves governments must impose very heavy taxes to break up concentrations of wealth. The other says governments should cut taxes to encourage wealthy people to pursue even bigger profits.

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